It’s 100% refundable if you find a problem so you’re waving a huge red flag when you fight and die on this hill. 

Understanding their cash flow is critical.I especially like your idea of communication clauses—non-responsiveness is a huge red flag, and setting expectations upfront can save a lot of headaches later.

1) Overhead showing red property line, then the front and then all of the inside, exterior at the end?

In my case the prospects claimed to have never heard there was any problems with pit bulls which was also a red flag to me as everyone knows this.

Also, don’t hesitate to dive deep into the numbers on each property.

.$100k for a 2/2 is high for the City of Detroit, unless at least Class B.So, you should take time to understand the NEIGHBORHOODS in the City of Detroit.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseContact us with any other questions:)

One of the reasons I asked the question is that it seems strange to me that a property management wouldn’t take anything upfront if they inherited a house that wasn’t ready for rent .Our property management also does the cleaning ( deep clean over 4 days was $1000 but they had to deal with some nasty pet hair , fleas etc)and that included some cover up paint etc .One lesson learned here is every contract with owner : property management varied greatly it seems from what is needed .But moving forward - I feel that $500 a month on a $2100 a month property is too high once it’s rented - unless endless problems persist of course ..thanks for your insight!

They typically don’t go above 50% ltv and usually pay cash for the properties.The only people who would do this is private individuals with deep pockets.

The search function leaves much to be desired, but you'll do best searching "FlipSystems" as one word:https://www.biggerpockets.com/forums/79/topics/1182640-lesso...https://www.biggerpockets.com/forums/67/topics/1204806-seeki...https://www.biggerpockets.com/forums/48/topics/1098187-flips...https://www.biggerpockets.com/forums/79/topics/1188268-flips...https://www.biggerpockets.com/forums/92/topics/1181695-is-fl...I admittedly have not read every reply, but it seems like a sea of red with "Amy B." being the only positive sounding reply on this thread: https://www.biggerpockets.com/forums/67/topics/1174732-calli...Is that the person you spoke to as a reference that's his girlfriend?

Once I gave in and bought a few only to not have assistance and no clear direction so frustration took over and I was still learning but needed direction, I finally found a group of investors to help me,  guide me,  and teach me the ins and outs of the industry.If I am not working deals learning the ropes or watching videos for extra information in real estate investing you can find me at my full time career as a Auto Injury Claims Specialist with big red.